insurance technology

“The most profound technologies are those that disappear. They weave themselves into the fabric of everyday life until they are indistinguishable from it”. Mark Weiser, The Computer for the 21st Century It’s reasonably likely that you’ve heard of the phrase, Internet of Things (IoT). It’s a concept that’s been steadily growing into mainstream consciousness over…

2016 has been a memorable year on a number of levels. The unusually high level of celebrity deaths, Brexit and the bizarre / horrifying (delete as appropriate) Trump vs Clinton election in the US. To name but a few. And then there was Pokemon Go! Yes, 2016 has also been the year when kids and…

BIBA 2015 is the largest event in the UK’s insurance industry calendar. It’s where everyone connected to the industry congregate to share developments in the sector. The technology companies are there too, celebrating their chance to make a difference in the way the industry operates. There’s also a host of top notch speakers sharing their…

If you’re wondering what to invest in, in terms of technology, this year for your insurance brokerage – you could do worse than focus on technologies which can help with marketing and selling your products. You should also look at how marketing can support these technologies. We’ve got some ideas that might help you focus…

A recent report in the US; The State of Insurance Fraud Technology revealed some worrying numbers. In particular, only 14% of insurers are using advanced technological fraud detection techniques. Given the rise in sophisticated insurance fraud rings – this seems a little disturbing. However, it may just be that the industry isn’t aware of what…

Technology brings change; it’s inevitable. Most change is positive; it makes us more productive, it allows us to do things more safely, it brings convenience but there is also disruptive change. A recent paper from Oxford University sheds light on a change that some in the insurance industry will not appreciate; “The Future of Employment:…

Happy New Year to our readers. We wish you a happy and prosperous trip through 2014. With that in mind we’ve put together a list of technology trends that we think insurers and brokers should be keeping a close eye on as the year progresses. Insurance Gets into the Cloud The “cloud” is simply a…

Please Note: This article has been amended since the original publication date following clarification from SpatialKey. One big challenge facing insurers is how to accurately assess flood risk. Given that flood damage is usually substantial and costly; it’s vital for insurers to be able to develop premiums that reflect the genuine level of risk involved…